what the hook? vs MemeCore

MemeCore (M) is 336.9× the size of what the hook? (WTH) by market capitalisation. Over the past 30 days, WTH is ahead by 67.4 percentage points (WTH +40.2% against M -27.1%). Their daily returns move barely in opposite directions (correlation -0.09 across 30 shared trading days). WTH has been the more volatile of the two, at 445% annualised against M's 108%.

Correlation: -0.09
Size ratio: 1 : 336.9
Ahead over 30 days: WTH

what the hook?WTH

$26.8600

24h: -3.88%
Market cap: $5.64M
Volume 24h: $402,032
Volatility (ann.): 445%

MemeCoreM

$0.828158

24h: -4.25%
Market cap: $1.90B
Volume 24h: $1.85M
Volatility (ann.): 108%

WTH 0.3%Share of the two combined market caps99.7% M

Performance

WTHM

7 days+2.52%-19.48%WTH
30 days+40.24%-27.12%WTH

Correlation

-0.09over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0990d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	WTH	M
Max drawdown (400d)	-54.5%	-41.1%
Risk-adjusted return (90d)	0.14	-0.23

Relative strength over 90 days: WTH outperformed M by 107.8% — measured on the WTH/M ratio, so it holds regardless of market direction.

what the hook? →MemeCore →